Belgium

There are two types of basic forms of nonprofit organizations in Belgium. These two forms are also present in many European countries the Belgium law allows these two forms of nonprofit organization, the foundation and the association. The association can take a number of legal forms: the international nonprofit association and the nonprofit association. The nonprofit association in French is the ASBL or in Flemish it is VZW. The international nonprofit association in Flemish is IVZW, and in French it is AISBL. These charitable activities can also be practiced through a de facto association this type of association or organization is has no legal personality and is not incorporated. This foundation or organization is the result of a legal act from entities or individuals that accredit assets to a nonprofit objective and it has no associates. The people benefit foundation has to utilize its financial productive for cultural, social, public benefit, religious or educational benefit purposes.